Choosing the right Medicare coverage, deciding whether to buy a long-term-care insurance policy and determining when to claim Social Security retirement benefits are among the most complicated financial decisions older adults need to make.

Social Security and Medicare trust funds now face depletion by 2033, threatening automatic benefit cuts for millions of Americans unless Congress acts.

Millions of retirees are receiving reduced Social Security checks in July 2025. Learn why it’s happening and who is impacted.

The same approach could work again: thoughtful, phased reforms that maintain the program’s core protections. Ideas on the table include lifting the payroll tax cap (currently $176,100), gradually raising the 6.2% FICA rate, or making more forms of compensation subject to payroll taxes—similar to how TSP contributions are treated.

Buried in that report, however, is some potentially disturbing news. Based on the Medicare Trustees' most recent projections, the standard monthly Medicare Part B premium could rise to $206.50 in 2026. The annual deductible for Part B could also increase from $257 this year to $288 in the new year.

An analysis by CRFB finds the Senate's One Big Beautiful Bill Act would hasten Social Security and Medicare trust fund depletion, potentially triggering benefit cuts in 2032.

A new survey by eHealth and Retirable finds that 80% of Americans worry Medicare and Social Security won’t be available when they need them, amid projections that both trust funds could be depleted by 2034.

The Social Security Administration lied about the GOP budget bill in a message to beneficiaries. Can we trust anything it tells us in the future?